Modest FY25 guidance to weigh on near-term returns

19 Apr 2024
5 Min read 
  • Infosys reported muted revenue in 4QFY24, below estimated decline, due to a one-off hit from a large BFSI client.
  •  FY24 revenue growth missed guidance, but strong deal wins improve visibility for FY26 growth.
  •  FY25 revenue growth guidance is disappointing, but deal wins should support medium-term growth outlook.
  •  EBIT margin declined in 4QFY24, but expected to improve over the medium term.
  •  FY25/FY26 EPS estimates lowered due to weak 4Q performance and guidance.
  •  Valuation remains attractive, with a BUY rating and a target price of INR1,650.
Login / Open Demat Account to read the report

Never Miss Out on Hot Market Updates

Get exclusive market news delivered to your inbox - on priority